GE's energy finance unit in partnership with Union Gas to buy oil and gas
General Electric's energy financial services unit Tuesday said it formed a partnership with a subsidiary of Union Gas Corp. to buy oil and gas reserves for $115 million...
GE, AT&T Anticipate Rising Rates, Tilt to 10-Years
Corporate treasurers are increasing sales of long-term investment-grade bonds for the first time in a decade, a sign they're betting U.S. borrowing costs will rise as the Federal Reserve slows the pace of interest-rate cuts...
GE Aviation's GEnx engine wins FAA certification
The GEnx engine designed by GE Aviation has received the Federal Aviation Administration's airworthiness certification, the company said Monday. The certification caps a two-year ground- and flight-testing program for the engine, which will power Boeing's 787 Dreamliner, GE Aviation said in a news release...
Frost & Sullivan Recognizes GE Security for Video Surveillance Vision
Based on its recent analysis of the video surveillance market, Frost & Sullivan recognizes GE Security with the 2008 North American Frost & Sullivan Award for Video Surveillance Solutions Company of the year...
Showing posts with label Boeing. Show all posts
Showing posts with label Boeing. Show all posts
Wednesday, April 2, 2008
Friday, March 28, 2008
Recent News: GE to buy Boeing Aircraft, China, GE Healthcare, GE Real Estate, and Locomotives in Serbia
GE in talks for 40 to 50 Boeing planes: Bloomberg
General Electric Co, the world's No. 1 aircraft lessor, is in talks with Boeing Co to buy 40 to 50 of its 737 jetliners to meet demand from airlines upgrading their fleets, Bloomberg said on Monday, citing a person familiar with the negotiations....
GE Unit May Buy at Least 40 Boeing 737s, Person Says
General Electric Co., the world's biggest aircraft lessor, is in talks with Boeing Co. to buy 40 to 50 of its 737 jetliners to meet demand from airlines upgrading their fleets, a person familiar with the negotiations said...
Group says GE supplier in China subjects workers to toxins
A new report says a Chinese factory that makes light bulbs for General Electric Co. subjects many of its employees to 64-hour work weeks and toxic mercury used in the production process...
GE Real Estate Buys 206,000-SF Office Bldg. in Houston
GE Real Estate purchased Oak Park Office Center II, a 206,362-square-foot Class A office building in Houston, TX, from Realty Associates Oak Park II LP, a development venture between TA Associates Realty and Myers, Crow & Saviers Ltd. for an undisclosed amount. Harris County Appraisal District values the property at about $16 million, or about $77.50 per square foot...
GE Healthcare Completes Acquisition of VersaMed Corporation
GE Healthcare, a unit of General Electric Company, has completed the acquisition of VersaMed Corporation, a provider of portable critical care ventilators for respiratory care...
Serbia: GE might participate in modernisation of Serbian railways
Director of the Serbian railways Zeleznice Srbije Milanko Sarancic and head of General Electric (GE) in South East Europe Giuseppe Recchi talked today in Belgrade about the possibility of GE taking part in the electrification of the Nis-Dimitrovgrad line....
General Electric Co, the world's No. 1 aircraft lessor, is in talks with Boeing Co to buy 40 to 50 of its 737 jetliners to meet demand from airlines upgrading their fleets, Bloomberg said on Monday, citing a person familiar with the negotiations....
GE Unit May Buy at Least 40 Boeing 737s, Person Says
General Electric Co., the world's biggest aircraft lessor, is in talks with Boeing Co. to buy 40 to 50 of its 737 jetliners to meet demand from airlines upgrading their fleets, a person familiar with the negotiations said...
Group says GE supplier in China subjects workers to toxins
A new report says a Chinese factory that makes light bulbs for General Electric Co. subjects many of its employees to 64-hour work weeks and toxic mercury used in the production process...
GE Real Estate Buys 206,000-SF Office Bldg. in Houston
GE Real Estate purchased Oak Park Office Center II, a 206,362-square-foot Class A office building in Houston, TX, from Realty Associates Oak Park II LP, a development venture between TA Associates Realty and Myers, Crow & Saviers Ltd. for an undisclosed amount. Harris County Appraisal District values the property at about $16 million, or about $77.50 per square foot...
GE Healthcare Completes Acquisition of VersaMed Corporation
GE Healthcare, a unit of General Electric Company, has completed the acquisition of VersaMed Corporation, a provider of portable critical care ventilators for respiratory care...
Serbia: GE might participate in modernisation of Serbian railways
Director of the Serbian railways Zeleznice Srbije Milanko Sarancic and head of General Electric (GE) in South East Europe Giuseppe Recchi talked today in Belgrade about the possibility of GE taking part in the electrification of the Nis-Dimitrovgrad line....
Wednesday, March 12, 2008
Recent News: GE Energy, Boeing 747, Air Force Tanker Deal, Olympics, Jeffery Immelt, Insider Buying, and Beth Comstock CMO
GE Energy lands $700M deal
GE Energy has signed agreements worth more than $700 million to supply Renewable Energy Systems Inc. with more than 300 wind turbines...
Boeing delivers its 1,400th 747
I got an e-mail Friday morning from my contact at Boeing alerting me to the fact that the aerospace giant delivered its 1,400th 747 Thursday. The lucky recipient of the 747-400 freighter was GE Commercial Aviation Services, which plans to lease the jet to AirBridgeCargo Airlines, a Boeing press release says...
Air Force tanker contract could means billions for GE Aviation
GE Aviation stands to gain engine and related orders worth more than $5 billion as a result of the Pentagon's decision, announced Friday, to award a long-term contract for U.S. Air Force in-flight refueling tankers to a team led by Northrop Grumman and Airbus parent EADS. The planes will be powered by GE's CF6 jet engines that are built in Evendale...
GE gets win out of Northrop deal with military
Despite the hue and cry that American interests were hurt when the U.S. military gave its new tanker order to Northrup Grumman Corp. (NYSE: NOC) and EADS, the parent of Boeing Co. (NYSE: BA) rival Airbus, one big company based in Connecticut did very well. That would be General Electric Co...
GE Shines Up Global Message For Olympics
GE sees its sponsorship of the Beijing Olympics as a way to “prove to potential customers and shareholders in the developed world that G.E.’s creativity is translating into big sales in the developing one,” The New York Times reports....
GE To Supply CF6 Engines For Tanker Replacement Program Of Air Force [GE]
General Electric Co. (GE) Monday revealed the award of a contract to supply CF6 aircraft engines for the new KC-45A aerial refueling tankers of the U.S air force. The estimated value of the deal is about $5 billion, with initial deliveries scheduled in 2010. Friday, the air force awarded the KC-45A contract to Northrop Grumman Corp. (NOC) and EADS North America, edging out Boeing's 767...
GE's Immelt buys $3 mln in shares
The chairman and chief executive of General Electric Co. reported on Monday that he recently bought $3 million worth of the conglomerate's common stock on the open market....
GE taps Beth Comstock as chief marketing officer
General Electric Co. on Monday named Beth Comstock as its chief marketing officer, bringing her back from NBC Universal, where her responsibilities will be divided among three executives....
Immelt of G.E. Made $14 Million in Last Year’s Pay
General Electric’s chief executive, Jeffrey R. Immelt, was awarded $14.2 million in compensation last year, including salary, bonus and the value of plan-based awards, the company said Monday in a regulatory filing....
Interview: Beth Comstock, SVP-CMO, GE: NBCU’s Digital Mindset Has Been Changed
This time next week Beth Comstock will be reporting to work as SVP and CMO of GE, not president of integrated media for NBC Universal (NYSE: GE). Comstock, announced today as GE SVP & CMO, knew when she got on the phone with me today that her assurance in early January about not going back to GE was bound to come up: “At that point, it was still something we were talking about as out in the future ... In the past month, we started talking about it with a specific target date.” She said she always expected to go back to GE eventually: “When you’re in the GE cycle you sort of expect [it] after being in a job a couple of years...
GE Energy has signed agreements worth more than $700 million to supply Renewable Energy Systems Inc. with more than 300 wind turbines...
Boeing delivers its 1,400th 747
I got an e-mail Friday morning from my contact at Boeing alerting me to the fact that the aerospace giant delivered its 1,400th 747 Thursday. The lucky recipient of the 747-400 freighter was GE Commercial Aviation Services, which plans to lease the jet to AirBridgeCargo Airlines, a Boeing press release says...
Air Force tanker contract could means billions for GE Aviation
GE Aviation stands to gain engine and related orders worth more than $5 billion as a result of the Pentagon's decision, announced Friday, to award a long-term contract for U.S. Air Force in-flight refueling tankers to a team led by Northrop Grumman and Airbus parent EADS. The planes will be powered by GE's CF6 jet engines that are built in Evendale...
GE gets win out of Northrop deal with military
Despite the hue and cry that American interests were hurt when the U.S. military gave its new tanker order to Northrup Grumman Corp. (NYSE: NOC) and EADS, the parent of Boeing Co. (NYSE: BA) rival Airbus, one big company based in Connecticut did very well. That would be General Electric Co...
GE Shines Up Global Message For Olympics
GE sees its sponsorship of the Beijing Olympics as a way to “prove to potential customers and shareholders in the developed world that G.E.’s creativity is translating into big sales in the developing one,” The New York Times reports....
GE To Supply CF6 Engines For Tanker Replacement Program Of Air Force [GE]
General Electric Co. (GE) Monday revealed the award of a contract to supply CF6 aircraft engines for the new KC-45A aerial refueling tankers of the U.S air force. The estimated value of the deal is about $5 billion, with initial deliveries scheduled in 2010. Friday, the air force awarded the KC-45A contract to Northrop Grumman Corp. (NOC) and EADS North America, edging out Boeing's 767...
GE's Immelt buys $3 mln in shares
The chairman and chief executive of General Electric Co. reported on Monday that he recently bought $3 million worth of the conglomerate's common stock on the open market....
GE taps Beth Comstock as chief marketing officer
General Electric Co. on Monday named Beth Comstock as its chief marketing officer, bringing her back from NBC Universal, where her responsibilities will be divided among three executives....
Immelt of G.E. Made $14 Million in Last Year’s Pay
General Electric’s chief executive, Jeffrey R. Immelt, was awarded $14.2 million in compensation last year, including salary, bonus and the value of plan-based awards, the company said Monday in a regulatory filing....
Interview: Beth Comstock, SVP-CMO, GE: NBCU’s Digital Mindset Has Been Changed
This time next week Beth Comstock will be reporting to work as SVP and CMO of GE, not president of integrated media for NBC Universal (NYSE: GE). Comstock, announced today as GE SVP & CMO, knew when she got on the phone with me today that her assurance in early January about not going back to GE was bound to come up: “At that point, it was still something we were talking about as out in the future ... In the past month, we started talking about it with a specific target date.” She said she always expected to go back to GE eventually: “When you’re in the GE cycle you sort of expect [it] after being in a job a couple of years...
Friday, February 29, 2008
Recent News: Crotonville, Digital Cameras, GE Aviation Biofuel, Virgin Atlantic 747, and Africa Operations.
Explore GE campus, walk out employed
It’s a factory that looks deceptively like a university campus. tucked away in the idyllic town of crotonville, the John F Welch leadership centre mass produces leaders for GE — and the world...
GE’s 2008 digital camera line-up
February 25, 2008 General Imaging, the worldwide exclusive licensee for GE digital cameras, has rolled out the next generation of GE digital cameras for 2008. The nine all-new models unveiled at the 2008 PMA trade show in Las Vegas brings the total number of cameras in the GE-branded digital camera line to 15. Features from last years models such as panorama stitching, face detection and in-camera red-eye removal will be combined with an assortment of additional features, including smile detection, blink detection, upgraded lenses, and LCD screens that adjust to changes in ambient light – all packed into slimmer camera bodies. One new model, the E1050, also adds HDTV playback, touch-screen and GPS capability...
Boeing, Virgin Atlantic and GE Aviation to Fly First Commercial Jet on Biofuel
Boeing, Virgin Atlantic and GE Aviation today will conduct the first commercial aviation flight using a sustainable fuel from biomass mixed with traditional kerosene- based jet fuel. The biofuel flight demonstration highlights the technical feasibility of using biofuels in a commercial jetliner and is a significant step toward a long-term vision of fully sustainable, low-carbon-lifecycle fuel solutions for the aviation industry....
Virgin Flies 747 on Biofuel From Coconuts, Babassu (Update3)
Virgin Atlantic Airways Ltd., the U.K. carrier controlled by billionaire Richard Branson, tested a jumbo jet partly powered by a biofuel made from babassu nuts and coconut oil, a first for a commercial aircraft...
GE hires Kenyan officials to run Africa operations
Global engineering giant General Electric (GE) has stepped up the profile of its Africa operations with key appointments to its management. Mr Yibrah Tesfazghi, the GE executive president for Africa, said the appointments are part of the changes that the company is making to address infrastructure challenges on the continent....
It’s a factory that looks deceptively like a university campus. tucked away in the idyllic town of crotonville, the John F Welch leadership centre mass produces leaders for GE — and the world...
GE’s 2008 digital camera line-up
February 25, 2008 General Imaging, the worldwide exclusive licensee for GE digital cameras, has rolled out the next generation of GE digital cameras for 2008. The nine all-new models unveiled at the 2008 PMA trade show in Las Vegas brings the total number of cameras in the GE-branded digital camera line to 15. Features from last years models such as panorama stitching, face detection and in-camera red-eye removal will be combined with an assortment of additional features, including smile detection, blink detection, upgraded lenses, and LCD screens that adjust to changes in ambient light – all packed into slimmer camera bodies. One new model, the E1050, also adds HDTV playback, touch-screen and GPS capability...
Boeing, Virgin Atlantic and GE Aviation to Fly First Commercial Jet on Biofuel
Boeing, Virgin Atlantic and GE Aviation today will conduct the first commercial aviation flight using a sustainable fuel from biomass mixed with traditional kerosene- based jet fuel. The biofuel flight demonstration highlights the technical feasibility of using biofuels in a commercial jetliner and is a significant step toward a long-term vision of fully sustainable, low-carbon-lifecycle fuel solutions for the aviation industry....
Virgin Flies 747 on Biofuel From Coconuts, Babassu (Update3)
Virgin Atlantic Airways Ltd., the U.K. carrier controlled by billionaire Richard Branson, tested a jumbo jet partly powered by a biofuel made from babassu nuts and coconut oil, a first for a commercial aircraft...
GE hires Kenyan officials to run Africa operations
Global engineering giant General Electric (GE) has stepped up the profile of its Africa operations with key appointments to its management. Mr Yibrah Tesfazghi, the GE executive president for Africa, said the appointments are part of the changes that the company is making to address infrastructure challenges on the continent....
Tuesday, February 12, 2008
Recent News: Dividend, GE Aviation, GE Healthcare, GE Money, United Kingdom, and GE Powered 777-300ER
GE Board of Directors Authorizes Regular Quarterly Dividend
The Board of Directors of General Electric Company (NYSE:GE) today authorized a regular quarterly dividend of $0.31 per outstanding share of the Company's common stock. The dividend is payable April 25, 2008 to shareowners of record at the close of business on February 25, 2008. The ex-dividend date is February 21, 2008....
GE Aviation Achieves Boeing Performance Excellence Award
GE Aviation has been selected as a recipient of a Boeing Performance Excellence Award for 2007. The Boeing Company presents Performance Excellence Awards annually to recognize superior performance by its suppliers...
GE Healthcare’s arm to scale up business
GE Healthcare’s life sciences business unit is targeting to scale up its revenue from sales by 40 per cent in the country by the end of this year. While its sales are now pegged at $18.5 million, the company proposes to increase it to $27 million by enhancing the sale of equipment to large biotech and pharma companies such as Biocon, Shantha and Biotechnic....
U.S. congressman decries GE Money's move to UK
New York congressman on Friday decried General Electric Co's plan to move its core consumer financial arm's headquarters to London from Connecticut, calling it a "call to action" for policymakers....
GE: Imagination at Work (But Not So Much In the U.S.)
In England, they shipped all their troublesome people to Australia. At General Electric, apparently they ship them to London. In another blow to U.S. pride and corporate tax revenue, the conglomerate is packing up its consumer-finance division from its current Stamford, Conn., headquarters and sending it to London, England. But can the unit flee its problems?...
GE Money relocating to London
US conglomerate General Electric has decided to relocate the headquarters of its key consumer financing business, GE Money, from Connecticut to London, a GE spokesman said Friday....
GE Aviation Achieves Boeing Performance Excellence Award
GE Aviation has been selected as a recipient of a Boeing Performance Excellence Award for 2007. The Boeing Company presents Performance Excellence Awards annually to recognize superior performance by its suppliers...
GE probes three 777-300ER power-loss incidents
An unusual rash of engine shutdowns since early December has temporarily stranded three normally reliable General Electric-powered Boeing 777-300ERs....
The Board of Directors of General Electric Company (NYSE:GE) today authorized a regular quarterly dividend of $0.31 per outstanding share of the Company's common stock. The dividend is payable April 25, 2008 to shareowners of record at the close of business on February 25, 2008. The ex-dividend date is February 21, 2008....
GE Aviation Achieves Boeing Performance Excellence Award
GE Aviation has been selected as a recipient of a Boeing Performance Excellence Award for 2007. The Boeing Company presents Performance Excellence Awards annually to recognize superior performance by its suppliers...
GE Healthcare’s arm to scale up business
GE Healthcare’s life sciences business unit is targeting to scale up its revenue from sales by 40 per cent in the country by the end of this year. While its sales are now pegged at $18.5 million, the company proposes to increase it to $27 million by enhancing the sale of equipment to large biotech and pharma companies such as Biocon, Shantha and Biotechnic....
U.S. congressman decries GE Money's move to UK
New York congressman on Friday decried General Electric Co's plan to move its core consumer financial arm's headquarters to London from Connecticut, calling it a "call to action" for policymakers....
GE: Imagination at Work (But Not So Much In the U.S.)
In England, they shipped all their troublesome people to Australia. At General Electric, apparently they ship them to London. In another blow to U.S. pride and corporate tax revenue, the conglomerate is packing up its consumer-finance division from its current Stamford, Conn., headquarters and sending it to London, England. But can the unit flee its problems?...
GE Money relocating to London
US conglomerate General Electric has decided to relocate the headquarters of its key consumer financing business, GE Money, from Connecticut to London, a GE spokesman said Friday....
GE Aviation Achieves Boeing Performance Excellence Award
GE Aviation has been selected as a recipient of a Boeing Performance Excellence Award for 2007. The Boeing Company presents Performance Excellence Awards annually to recognize superior performance by its suppliers...
GE probes three 777-300ER power-loss incidents
An unusual rash of engine shutdowns since early December has temporarily stranded three normally reliable General Electric-powered Boeing 777-300ERs....
Monday, August 13, 2007
Recent GE Aviation News
- GE Aviation to produce Black Hawk helicopter engine (Business Courier)
- Virgin/Boeing/GE near biofuel selection for test (Flight International)
- Fighter engine project no sure thing for GE Aviation (Business Courier)
- GE Aviation wins $250M order (Business Courier)
- Interview With Catherine Gridley, GE Aviation (Aviation Week)
- Air India selects GE Aviation's GE90-115B engines to power Boeing 777-200LR (India Aviation)
- Greener engines good for business at GE (The Cincinnati Post)
- GE Aviation systems power M1A2 Abrams main battle tank (Military & Aerospace Electronics)
- Rolls-Royce engine certified for Boeing's 787 (Reuters)
- House committee approves F136 engine funding (Business Courier)
- Virgin/Boeing/GE near biofuel selection for test (Flight International)
- Fighter engine project no sure thing for GE Aviation (Business Courier)
- GE Aviation wins $250M order (Business Courier)
- Interview With Catherine Gridley, GE Aviation (Aviation Week)
- Air India selects GE Aviation's GE90-115B engines to power Boeing 777-200LR (India Aviation)
- Greener engines good for business at GE (The Cincinnati Post)
- GE Aviation systems power M1A2 Abrams main battle tank (Military & Aerospace Electronics)
- Rolls-Royce engine certified for Boeing's 787 (Reuters)
- House committee approves F136 engine funding (Business Courier)
